Cycle repeat potential.
Consolidation before capitulation marked in green box on both cycles.
Consolidation before capitulation marked in green box on both cycles.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Since the prev. chart, 2 bottoms have formed which is seen on the previous cycle.
The extension from the bottom is much more pronounced compared to the first cycle, along w the pull back.
Below is an updated chart of potential price action. Used a clone of the same time sequence as before, and made it make sense with the current price action we have.